Charlty number: SC046071 THE GREYSTONE ROVERS FOUNDATION (A Scottish Charitable Incorporated Organisation) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE GREYSTONE ROVERS FOUNDATION CONTENTS Page Reference and admlnlstrative details of the Charity, its Trustees and advlsers Trustees, report Independent examlner's report Statement of financlal activities 10 Balance sheet 11 Notes to the flnanclal statements 12-27
THE GREYSTONE ROVERS FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Charlty registered number SC046071 Principal office David Keswlck Athletlc Centre, Marchmount, Dumfries, Dumfries and Galloway, DG11 PX Accountant8 Amstrong Watson LLP, 51 Rae Street, Dumfrles, Dumfrles and Galloway, DG1 1 JD Bankers Vlrgln Money, 84-86 High Street. Dumfrles, Dumfrles and Galloway. DG128J 8ank of Scotland, 91 Hlgh Street, Dumfrles, Dumfries and GallovRy, DG12BN Page 1
THE GREYSTONE ROVERS FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies and comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 las amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).. Objectlves and actlvltles a. Pollcies and objectlves The organisation's purposes are.. Provide or organise the provision of facilities which will encourage youths & adults to play football or other sports. To provide and maintain the appropriate equipment for those objects & to promote and provide coaching for persons organising & playrng such games & sport. To help improve the health and quality of life of the members of the local community through education of health and lifestyle changes and increased participation in sport. Youth and community development through partnership working. Enable vulnerable community members to participate in sport and exercise. Advance the education of youths in Dumfries and Galloway on living active lifestyles and growing sport at all levels. Achlevements and perfornianca a. Revlew of actlvltles During this accounting period The Greystone Rovers Foundation continues to be challenged and have had to deal with difficult operational disruption due to the regular and ongoing discussions with Dumfries and Galloway Council in regard to the Dumfries Learning Town phase 2 {DLT21 plans for a new school build at Dumfries High School as it nears its completion in the springtime of 2026. We will still have this important development causing disruption for the Greystone Foundation in the next financial year. Withstanding the DLT (21 onsite, in general, the main activities within the Foundation in the last 12 months have been consistent as with previous years after Covid. Main activities and purpose of the organisation with regard to our community facility being fully open and available to the wider community with little or no change to the dynamics of the number or types of sporting groups using the services and facilities offered by The Greystone Rovers Foundation. Non-sporting events continue to hire for a third consecutive year. The facilities we offer to the wider community for recreational and sports usage remains constant. This accounting period as with similar years saw the organisation continue to get supportive funding from main funders, The HOl00d Trust. coupled with some small local grants with a continued good increase in particular in sponsorship from parents friends and from local businesses towards equipment and sportswear for the Greystone Rovers Youth Footb811 club. °The Youth Big Saturday Night" Run managed by volunteers continued to be a Greystone Rovers Foundation flagship event held weekly. Incredibly this long established event continues with similar numbers as previous years. Enthusiasm remains high and is always attracting a new participants. The event provides sporting facilities for young people to participate in sport at a time of the week where normally sporting facilities are found to be closed {6-8pm Saturday and Sunday evenings)- This event is fully back to maximum numbers from the Covid years and is always well received. It is positive in nature, well received and appreciated by parents and has an undoubted overall social benefit to the nearby and wider community. Sadly a temporary postponement to this event was unavoidable due to the construction of the new 3G as part of the DLT2 new school build work cornmencing. It was however with a sense of relief and excitement that at end of January 2025 with the reopening of a new 3G pitch, saw this event retum with numbers bouncing back to those previously seen. This event like others is still facing challenges due to access to the facility due to the Page 2
THE GREYSTONE ROVERS FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance (continued) ongoing building site and this along with main volunteers now being sought this event will find year 2025126 challenging to stay operational. The "School of Football" again sirnilar to other activities saw disruption to this activity as construction began to the new school build and in particular the 3G not available during this reporting year. Other facilities remained mainly The David Keswick pitch which was being used extensively for all School mainstream PE classes. However based at Dumfries High School, football completed its 9th year for Dumfries High School students although diluted we did have an autumn of good interaction with S1 classes participating where we used the power of football to assist and act as a catalyst for pupils to help pupil's educational attainment and to meet the needs of the Curriculum. School of Football is delivered for the duration of the autumn period with a wide and varied range of activities for S1-S4 pupils. "Greystone Rovers football club. Volunteers remain committed to supporting and developing football at the footb811 club with 11 different age groups representing Greystone Rovers. The number of volunteers remains good with a new team and intake at 2019 year of birth starting this year where at the older age group a joined 200912010 team represents the club at the Under 17 age group. As the senior football season started in the August. approximately 250 Greystone youngsters where registered with the governing body Scottish Football Association (SFA) in the new comet system. With age ranges of teams from 5-18 years training, and playing twice weekly, all under the guidelines of local youth leagues and SFAISYFA guidelines. At full capacity we continually have to report on a negative note of ever increasing waiting lists at a number of age groups at the Greystone Rovers Club. Greystone have concerns in regard to the onerous requirements to register, administer and comply with regulations which will hamper in the future any new teams forming which will only exasperate waiting lists at the long established clubs. Since 1938 Greystone Rovers have always played our fu51 part and represented Dumfries and Galloway and will continue to play our football in the Dumfries and Galloway Youth League. A successful season in the Dumfries and Galloway Youth League for season 2024125. National Success was achieved as several teams representing Greystone participated some to the later stages of the SYFA Scottish Cup. All teams were successful in their local leagues and cup competitions with leagues and cup competitions won and lost but overall, this year, can be looked back on with pride with achievements on the football field. "Holiday Camps" Understandably there was a decline in external hire of facility for holiday camps at the Dumfries High School due to the closure of the 3G facility pending the new School build. We can only anticipate the return of internal and external holiday camps when the new facility opens 2025126. However as we neared the end of this reporting year with the reopening of the new 3G, some internal enquiries to run our own in-house holiday camps on our facilities maybe indicating a new trend for the future that needs supported and encouraged. It is anticipated we will report the rebirth of kids holiday camps next reporting year. "Climate Challenge Fund - Kicking Carbon Project" We continued again this reporting year with plastic bottle recycling and single use plastic where local company Oakbank, still regularly emptied the industrial bins of plastic bottles and will continue to do so. The value of this project is still evident for all to see and as a charitable organization we will continue with this and continue the profile for the new school build plans for Ihe future. It is anticipated in regard to Kicking Carbon ProJect with the opening of the new school scheduled for 2026, many of the aspects of this project will retum as we are in a very much limited capacity. We continue to collect unwanted football boots and clothing recycling particularly considering the current economic situation. Credit again goes towards the staff and volunteers along with the many community groups using the recycling of footwear and clothing. Fuel efficiency and active travel elements still remain a focus as with partnerships with local businesses to promote elements of this work within the Club. David Keswick Facility, our local schools and wider communities. Page 3
THE GREYSTONE ROVERS FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perforniance (continued) The David Keswlck Centre- Servlce Level Agreement (SLA) Dumfries & Galloway Councll With the temporary status due to DLT(2) coupled with Dumfries & Galloway Council regional review of SLA'S we will during 2026 enter into discussions and hopefully cement a new License to Operate {LTO) It is much the case of a status quo due to partiClP8tion levels and bookings, however The Greystone Rovers Foundation continues to deliver on its Service Level Agreements with Dumfries and Galloway Council over the management of the David Keswick Athletic Centre and 3G facility. We will continue to work with existing 8nd any new groups along with sporadic community events, at the aging David Keswick Athletic Centre building again for another year, with for the first time in many years, a slight % increase in fees for any individuals, groups and community clubs for next financial year. From 1 st April 2025 The Greystone Rovers Foundation continues to operate the Service Level Agreement with Dumfries & Galloway Council to manage this facility and as at the last 12 months reporting date, we have nos issues to report. Crlchton Pltch and Pavlllon- Lease 202512026 In addition this reporting year has seen The Greystone Rovers Foundation expanding its portfolio in entering a 2 year lease agreement with the local Crichton Trust for the use of the pitches and pavilion on the Crichton groundslestate. As well as giving our organization capacity to provide alternative sporting facilities during construction work at Dumfries High School. this has also allowed The Greystone Foundation to expand its portfolio of community led facilities for the wider community in addition to supporting our own Greystone Rovers Youth Football Club. Currently the Greystone Rovers and the Crichton Trust are in a positive partnership exploring new ideas to develop sporting and recreational facilities and opportunities beyond the end of 2026 lease agreement, with the potential of a new office and club base at the Crichton, b. Investment pollcy and perfomiance During the period, the organisation did not hold any investments other than cash at bank. Page 4
THE GREYSTONE ROVERS FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and performance (continued) c. Summary of charitable activitles During the reporting year the board of trustees supported the following:" The Davld Keswlck Athletlc Centrel 3G Pltch, Both SLA agreements continue to be met fully by the board of trustees. We now await the new LTO agreement. Coaches SFA Coaching Courses - Greystone Rovers Football Club, Trustees continue to support this valuable and necessary coach pathway courses for all coaches currently working at the club and the foundation. The courses were this year only courses run by SFA continued to be done by a ZooMEAMs meetings and delivery of content during the reporting year. staff Appraisal Management Reportlng, Full integrated Staff appraisal reporting system previously installed and implemented by trustees. As a result of a future new school build a review and support to staff is now ongoing and will come to a conclusion prior to new school build opening. Addltional Admln Support, Trustees agree to working in partnership with Dumfries and Galloway Council to support and give individuals a good experience in volunteering in sports administration. This year seen a closer working partnership with Durnfries College with a successful student work placement In HNC Sport coaching. Grounds Malntenance, Trustees continued to approve grounds maintenance work again this year on the David Keswick pitch. Communlcatlon.. The communication continues to be pro-active. The Greystone Foundation website together with the Facebook page continue popular and have proved to be effective Membershlp.. At the 31st March 2025, Consistent membership steady at 250+ Servlces: CharStable Donatlons: Use of Facilities for Schools remain with trial matches, local cup finals increase in this support during this reporting year. Limited support and generosity afforded to community to use facilities for Charitable Events again as a result of temporary building work on site anticipated we will return after works compSetion to support the many local groups running charitable events. Page 5
THE GREYSTONE ROVERS FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnancial review a. Golng concern After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees policy to now hold reserves of between three and six months of annual unrestricted expenditure. At the end of the period of accounts. the charity is holding the appropriate level of reseNes within its unrestricted funds. c. Results for year The results for the year reflect 8 surplus of £3,313 {2024 Deficit of £69,462), this largely reflects additional grant funding received in year to assist with the changing activities of the Club. Overall funds at the year end date were £133,588 with £1,644 held in restricted funds and the balance of £131,944 in unrestricted funds. d. Prlnclpal fundlng The principal source of income is grant funding and income from the running of the 3G pitch and David Keswick Athletic Centre. Page 6
THE GREYSTONE ROVERS FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Constltutlon The Greystone Rovers Foundation is a gIStered with the Scottish Charity Regulator (OSCR) as a Scottish Charitable Organisalion {SCIO) number SC046071 incorporated on 22nd October 2015 and is administered in accordan wth the terms of the Deed of Constilution. b. Methods of appointment or electlon of Trustees Appointment of trustees who are consld8red to have the appropriale gifts and skills are appointed under the terms of the deed of constitution regulated by (OSCR). We had no resignations or n8wIy appointed Trustees during this year. c. Oryanlsatlonal structure and dec181on4naklng pollcles The structure of the organisation consists of: The members - who have the right to attend members. meetings (Including any annual general meeting) and have Important powers under the constitution; in particular, the members appoint people to serve on the board and take decisions on changes to the constitution itself: The board who hold regular meetings, and generally control the actlvltias of the organlsatlon: for example, the board is responsible for monitoring and controlling the financi81 position of the organisation, the people serving on the board are referred to in this constitution as Charity Trustees. Thls year we had no resignations. d. Reference and Admlnlstratlve Infomiatlon Trustees.. "At time of complwng the end of year report 311312025 Th8 Greystone Rovers Foundation sadly lost Mike Bell who s8dly died after suffering a stroke in July 2025. A former Greystone Rovers player, coach and official who served the club In many capacities. Mike wll be greatly missed by the Greystone Rovers family and acted with total devotion to the role as Chairman of (GRF) since its fomation in 2013. e. Flnanclal rlsk management The Trustees have assessed the major risks to thich the Charity is exposed, in particular those related to the operations and finances of the Charity, and are 3atisfsed that systems and procedures are In place to mltigate exposure to the major risks. Page 7
THE GREYSTONE ROVERS FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement of Trustees. responslbllltles The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A(tepted Accounting Practice). The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of ils incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial slatements, the Trustees are required to.. select suitable accountlng policles and then apply them conslstently; observe the methods and principles of the Charities SORP {FRS 102); make ludgments and accounting estlmates that are reasonable and prudent. state whether applicable UK Accounting Standards {FRS 102) have been followed, subject to any material departures disclosed and explainecl in the financial statements; prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the Charity will contsnue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose wlh reason8ble accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with Ihe Charities and Trustee Investment {Scotland) Acl 2005, the Charities Accounls (Scotland) Regulations 2006 (as amended) 8nd the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities, rnv f the board of Trust8es and signed on their behalf by: Date.. 22 Decembor 2025 Page 8
THE GREYSTONE ROVERS FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examinerfs report to the Trustees of The Greystone Rovers Foundatlon I report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 10 to 27. Respectlve responslbllltles of Trustees and examiner The charitys trustees are responslbile for the preparation of the financl81 statements in accordance with the terms of the Charilies and Trustee Investment (Scotland) Act 2005 ('the Act.) 8nd the Charities Accounts {Scolland) Regulation 2006 ('the Accounts Regulations,). The trustees considèr that the audit requirement of regulation 10(1){a) to (cl of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements a8 required under section 44(1){c) of the Act and to slate whether particular matters have come to my attention. Basls of Indep•ndent examlnarfs statement My examination was carried out In accordance wlth regulation 11 of the Accounts Regulations. An examination includes a revlew of the accounting records kept by the charity and a comparison of the financial statements presented with those record8. It 8lso includes consideration of any unusual items or disclosu$ in the financi81 statements, and seeking explanations from you as trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit. and consequently I do not express an audit opinion on the view given by the accounts. Independent oxamlnerfs statement In the course cf my examlnatlon, no Matter has come to my attention: which gives m8 reasonable cause lo believe that in any material respecl the requirements: to keep accounting records in accordance wlth section 4411)(a) of the Act and regulation 4 of the Accounts Regulations., and to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts In accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 1021 and in other respects comply with regulatlon 8 of the Accounts Regulations have not been met., or lo which, in my opinion, attention should be drdwn in order to enable proper understanding of the financial statements to be reached. Thi8 report is made solely to the charitrfs Trustees, as a body, in accordance with regulalion 11 of the Charities Accounts (Scotland) Regulations 2006. My WO has been undertaken so that I might state to the charitys Trustees those matters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charitys Trustees as a body, for my work or for this report. Dated: 22 December 2025 FCCA Dumfries Page 9
THE GREYSTONE ROVERS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable activities Other trading activities 10,620 81,194 1,250 42,161 52,781 81,194 1,250 30,874 91,576 5,342 Total Income 93,064 42,161 135,225 127,792 Expenditure on: Raising funds Charitable activities 263 196,991 89,751 42.161 131,912 Total expendlture 89,751 42,161 131,912 197,254 Net movement In funds 3,313 3,313 (69,462) Reconclllatlon of funds: Total funds brought fomard Net movement in funds 128,631 3,313 1,644 130,275 3,313 199, 737 (69,462) Total funds carrled forward 131,944 1,644 133,588 130,275 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 12 to 27 form part of these financial statements. Page 10
THE GREYSTONE ROVERS FOUNDATION BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flxed assets Tangible assets 12 304 388 304 388 Current assets Stocks Debtors Cash at bank and in hand 13 14 1,186 16,132 120,576 1.120 1.035 144,446 137,894 146,601 Current Ilabllltles Creditors.. amounts falling due wlthln one year 15 (4,610) (16, 714) Net currant assets 133,284 129,887 Total net assets 133,588 130,275 Charlty funds Restricted funds Unrestricted funds 16 16 1,644 131,944 1,644 128,631 Total fund8 133,588 130,275 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Date: 22 December 2025 The notes on pages 12 to 27 form part of these financial statements. Page11
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General Infomiation The Greystone Rovers Foundation is a Scottish Charitable Incorporated Organisation with its registered office being the David Keswick Athletic Centre, Marchmount, Dumfries, DG1 1 PX. Accountlng pollcies 2.1 Basls of preparation of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Greystone Rovers Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheNise stated in the relevant accounting policy. 2.2 Golng concem The trustees have considered their requirements for the period of 12 months from the date of signing these financial statements and believe they have sufficient resources to meet their liabilities as they fall due and for this reason they continue to adopt the going concern basis. 2.3 Income All income is recognised once the Charity has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the 8alance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the incorne is accrued. Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's accounting policies. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facililies of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Page 12
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third p8rty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives. as well as any associated support costs. 2.5 Government grants Government grants relating to tangible fixed assels are treated as deferred income and released to the Statement of financial activities upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the Statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition crileria being satisfied are recognised as a liability- 2.6 Tanglble flxed assets and depreclatlon Tangible fixed assets costing £500 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tsngible fixed asset into its intended working condition should be included in the measurement of cost. At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of ils fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciatlon is charged so as to allocate the cost of tanglble fixed assets less their residual value over their estimated useful lives, on the following bases: Tenants improvements Fixtures and fittings Office equipment Over the term of the lease 200/0 reducing balance 3 years straight line 2.7 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Page 13
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poltcies (continued) 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and In hand Cash at bank and in h8nd includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.10 Llabllltles and provlsions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.11 Financlal Instrumenls The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.12 Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 2.13 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 14
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacles Unrestricted Restrlcted funds funds 2025 2025 Total funds 2025 Grants Holywood Trust D&G Council - contribution SFA Grant 33,276 8.885 33,276 8,885 42,161 42,161 Donations Grants 2,012 8,608 2,012 8,608 Subtotal 10.620 10,620 10,620 42,161 52,781 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Grants Holywood Trust D&G Council - contribution SFA Grant 19,776 19,776 8,058 1,125 8, 058 1,125 9,183 19,776 28,959 Donations 7,915 1,915 Subtotal 1,915 1,915 11,098 19,776 30,874 Page15
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable actlvltles Unrestricted funds 2025 Total funds 2025 3G Income Sports Sessions Membership Income DKAC Income 4,976 1,875 32,902 41.441 4,976 1,875 32,902 41,441 81,194 81,194 Unrestricted funds 2024 Total funds 2024 3G Income Sports Sessions Membership Income DKAC Income 6, 125 5,057 36,857 43,537 6,125 5,057 36, 857 43,537 91,576 91,576 Page 16
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from other tradlng activities Income from non charltable trading actlvltles Unrestricted funds 2025 Total funds 2025 Sponsorship 1.250 1,250 Unrestricted funds 2024 Total funds 2024 Shop takings Sponsorship 12 5,330 12 5,330 5,342 5,342 Page 17
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on raising funds Costs of ralslng voluntary Income Total funds 2025 Shop supplies Unrestricted runds 2024 Total funds 2024 Shop supplies 263 263 Analysls of expendlture on charltable actlvltles Summary by fund type Unrestricted Restricted funds funds 2025 2025 Total 2025 Charitable activities 89,751 42,161 131,912 Unrestricted funds 2024 Restricted funds 2024 Total 2024 Charitable activities 177,215 19,776 196,991 Page 18
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expendlture by activities Activities undertaken directly 2025 Total funds 2025 Charitable activities 131,912 131,912 Activities undertaken directly 2024 Total funds 2024 Charitable activities 196,991 196,991 Analysls of dlréct costs Charltable actlvltles 2025 Total funds 2025 Staff Costs Depreciation 3G Costs Sports Clothing General Expenses Equipment Office Costs Sports Education Courses Accountancy & Professional Fees Website Costs Subscriptions & Entry Fees Insurance 103,466 103,466 84 3,899 3,962 1,014 1,727 1,569 635 3,899 3,962 1,014 1,727 1,569 635 4,155 693 3,816 1,599 5,103 190 4,155 693 3,816 1,599 5,103 190 Hire of Venue Computer Costs 131,912 131,912 Page 19
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of expenditure by activltles (continued) Analysls of dlrect costs (contlnued) Charitable activities 2024 Total funds 2024 Staff costs Depreciation 3G costs Sports clothing General Expenses Equipment Office Costs Sports Education Courses Accountancy & professional fees Website costs Subscriptions & Entry Fees Insurance 146,275 359 5,470 21,224 1,009 9,995 1,857 922 4,288 1,047 3,014 1,531 146,275 359 5,470 21,224 1,009 9, 995 1,857 922 4, 288 1,047 3,014 1,531 196,991 196,991 Independent examlner's remuneratlon 2025 2024 Fees payable to the Charity's independent examiner for the independent examination of the Charitys annual accounts 3,110 2, 880 Page 20
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Staff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension schemes 86,588 3,615 13,263 122.459 6,991 16.825 103,466 146,275 The average number of persons employed by the Charity during the year was as follows: 2025 No. 2024 Management and project officers Centre staff No employee received rernuneration amounting to more than £60,000 in either year. The remuneration of key management personnel during the year was £49,177 (2024 - £97,429). 11. Trustees. remuneratlon and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL). Page 21
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Tanglble flxed assets Tenants Fixtures and Impr'ments fittings Office equlpment Total Cost or valuation At 1 April 2024 7,200 1,438 5,762 14,400 At 31 March 2025 7,200 1,438 5,762 14,400 Depreciation At 1 April 2024 Charge for the year 7,200 1,058 76 5,754 14,012 84 At 31 March 2025 7,200 1,134 5,762 14,096 Net book value At 31 March 2025 304 304 At 31 March 2024 380 388 13. Stocks 2025 2024 Finished goods and goods for resale 1,186 1, 120 Page 22
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Debtors 2025 2024 Due withln one year Trade debtors Other debtors Prepayments and accrued income 1,687 5,560 8,885 1,035 16,132 1,035 15. Credltors: Amounts falllng due wlthin one year 2025 2024 Trade creditors Other creditors Accruals and deferred incom& 1,500 2,648 11,186 2,880 3,110 4,610 16,714 Page 23
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Statement of funds statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Income Expendlture Unrestrlcted funds Designated funds 3G Refurbishment fund 100.000 100,000 General funds General funds 28,631 93.064 (89,751) 31,944 Total Unrestrlcted funds 128.631 93,064 189.751) 131,944 Restrlcted funds Holywood Trust John Wallace Trust D&G Pension Grant 33,276 133,276) 1,644 1,644 8,885 (8,885) 1,644 42,161 142,161) 1,644 Total of funds 130,275 135,225 (131,912) 133,588 We are pleased to have been able to generate the funds required to set aside as part of the service level agreement whereby we are required to hold £100,000 to replace the 3G carpet at the end of the SLA with D&G Council in 2023. The Holywood Trust fund was used to cover the wages of the charity manager and the project worker in the period. The John Wallace Trust fund was established in the 2018 year with a donation of the funds left over when the Trust was closed. The money is to be used in the memory of John Wallace, the founder of the Greystone Rovers Football Club. Page 24
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Ststement of funds (continued) Statement of funds - prior year Balance at 31 March 2024 8alance at 1 April 2023 Income Expenditure Unrestrlcted funds Designated funds 3G Refurbishment fund 100,000 100, 000 General funds General funds 98, 093 108,016 (177,478) 28,631 Total Unrestrlcted funds 198, 093 108,016 (177,478) 128,631 Restrlcted funds Holywood Trust John Wallace Trust 19,776 (19,776) 1,644 1,644 1,644 19,776 (19,776) 1,644 Total of funds 199,737 127,792 (197,254) 130,275 17. Summary of funds Summary of funds - current year Balance at 31 March 2025 Balance at 1 Aprll 2024 Income Expendlture Designated funds General funds Restricted funds 100,000 28,631 100,000 31,944 1,644 93,064 42,161 (89,751) (42,161) 130,275 135,225 (131,912) 133,588 Page 25
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Summary of funds (continued) Summary of funds - prlor year Balance at 31 March 2024 Balance al 1 Apnl 2023 Income Expenditure Designated funds General funds 100,000 98,093 1,644 100, 000 28,631 1,644 108,016 19,776 (177,478) (19,776) Restricted funds 199, 737 127.792 (197,254) 130,275 18. Analysls of net assets between funds Analysls of net assets between funds - current year Unrestrlcted Restrlcted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 304 136,250 (4,610) 304 137,894 (4,610) 1,644 Total 131,944 1,644 133,588 Analysls of net assets between funds - prlor year Unrestricted funds 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets 388 144.957 (16,714) 388 146,601 (16, 714) 1,644 Creditors due within one year Total 1.644 128,631 130,275 Page 26
THE GREYSTONE ROVERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Pension commitments The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £13,263 (2024 - £16,825). Amounts of £5,560 (2024 - £nil) were overpaid to the fund at the balance sheet date and are included in other debtors. 20. Related party transactlons During the year the charity entered into a transaction at arm's length with DB Alison And Partners Insurance Brokers, of which trustee D Alison is an owner, for insurance services. The cost in the accounts amounted to £1,599 (2024 - £1,511). At the period end date £nil (2024 £nil) was owed to DB Alison. Page 27